Sun. Oct 6th, 2024

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BUSINESS

EU Commission clears acquisition of TBX NewCo Spain and TBX Upstream Seamless Pipes by Tubacex and Mubadala

The EU Commission has approved the acquisition of joint control of TBX NewCo Spain S.L.U. of Spain and TBX Upstream Seamless Pipes L.L.C. of the UAE by Tubacex S.A. of Spain and Mubadala Investment Company P.J.S.C. (‘Mubadala’) of the UAE. The transaction relates primarily to the manufacture of oil country tubes for the exploration and extraction of oil and gas.

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EU Commission report: Half a million jobs protected by EU trade defence in 2023

A total of 182 trade defence measures were in place in the EU at the end of 2023, including 156 anti-dumping measures, 25 anti-subsidy measures, and one safeguard measure. This represents a nearly 40% increase compared to 2018. Twice as many new investigations were launched in 2023 compared to 2022. This significant increase in activity underlines the EU Commission’s resolve to robustly deal with rising instances of unfair trade.

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Belgium: EU Commission makes first RRF payment of €632m

In September 2023, Belgium submitted to the EU Commission a first payment request of €658 million, net of pre-financing, under the RRF, covering 19 milestones and 1 target. These include several reforms concerning the deployment of 5G and fibre optic networks, the reform of company car taxation with a green perspective, and the promotion of employee participation in training.

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The Netherlands: EU Commission disburses first RRF payment of €1.3bn

In May, the Netherlands submitted to the Commission their first request for payment of €1.3 billion, covering 25 milestones and 5 targets. These cover several reforms in the areas of environmental taxation, the housing market, the pension system, self-employment as well as the digital transformation of the central government.  Reforms on aggressive tax planning and the electricity grid code are also included.

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Get moving for the 2024 European Week of Sport!

The 2024 European Week of Sport, an EU initiative to raise awareness about the benefits of staying active, kicks off this week. Every year, from 23 to 30 September, the European Commission invites citizens of all ages and backgrounds to participate in events and activities that celebrate an active lifestyle.

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Finance: Nordic-Baltic crisis simulation exercise 2024

To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving three fictitious banks with cross-border activities.

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DIGITIZATION

artificial intelligence, network, programming

AI Factories call for proposals: EU to boost European AI developers

The EU Commission has launched a call for AI Factories to boost European leadership in trustworthy artificial intelligence (AI). AI Factories will be created around the EU’s world-class network of European High-Performance Computing (HPC) supercomputers and will be available to a range of European users, such as startups, industry and researchers.

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Future EU competitiveness: Mario Draghi delivers report to President von der Leyen

The vision that drives Europe forward is to create conditions where businesses thrive, the environment is protected, and everyone has an equal chance at success. Sustainable competitiveness should make sure businesses are productive and environmentally friendly. Economic security ensures that our economy can handle challenges and protect jobs. With open strategic autonomy, Europe is not just open for business; but is shaping a better, fairer world.

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SECURITY

EU High Representative Borrell honours Iranian “Women, Life, Freedom” movement

“On the anniversary of the death of Jina Mahsa Amini, we honour her memory and the ‘Women, Life, Freedom’ movement driven by the courage and determination of countless Iranians, especially women. Two years ago, Iranians have taken to the streets to demand respect for fundamental freedoms. With the dire human rights situation in Iran, especially suppressing the rights of women, these voices, calling for dignity and equality, must still be heard and respected.

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military, army, people

NATO Review on sexual harassment and sexual violence in the military

Over the last few years, there has been a series of revelations about toxic behaviours at the highest levels of the Canadian military. A recent report by the UK Defence Select Committee has also exposed a misogynistic military culture, with senior officers adopting the trope that “boys will be boys” as a response to complaints.

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NATO: Allied Russia experts meet in Brussels

The gathering reaffirmed that Russia remains the most significant and direct threat to Allies’ security. Participants stressed that Russia seeks to fundamentally reconfigure the Euro-Atlantic security architecture and that the threat posed by Russia will persist into the long term. 

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SUSTAINABILITY

EU Commission clears acquisition of TBX NewCo Spain and TBX Upstream Seamless Pipes by Tubacex and Mubadala

The EU Commission has approved the acquisition of joint control of TBX NewCo Spain S.L.U. of Spain and TBX Upstream Seamless Pipes L.L.C. of the UAE by Tubacex S.A. of Spain and Mubadala Investment Company P.J.S.C. (‘Mubadala’) of the UAE. The transaction relates primarily to the manufacture of oil country tubes for the exploration and extraction of oil and gas.

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Week in Review: The 68th IAEA General Conference

In his opening statement, IAEA Director General Rafael Mariano Grossi laid out the Agency’s key role in global affairs: “Through the IAEA’’s unique mandate, we have the responsibility of addressing issues that affect all of humanity. Our priorities include reinforcing and preventing the erosion of a non-proliferation regime that has underpinned international peace and security for more than half a century; the ever-more-present existential threat of climate change, and the ongoing injustice of poverty, disease and hunger.”

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EU AGENDA

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